The reconciliation wizard

This will open the reconciliation wizard. The first page of the wizard
briefly describes the process you will follow. Click
on Next to actually start the wizard.

Statement details

The statement date, starting balance, and ending balance can be found in your
statement. Make sure that the figures match and click on
the Next button. If the figures do not match then
enter the figures as listed on your statement and click on
the Next button.

Interest

If the statement reconciliation is on a bank account or any account with
interest and/or charges fees, then enter these values in the appropriate
fields. A category can be assigned for each of these amounts.

Note

The interest field is for interest you gained. If you have to pay interest,
e.g., for a credit card account, this has to be entered as a charge.

Click on Continue to start matching your statement to
what you have entered. Note that this completes the Reconciliation Wizard,
but not the process of reconciliation. It also changes the ledger display by
only showing transactions that have not already been marked as reconciled. As
described below, you still need to clear transactions and then tell KMyMoney
that the account is reconciled.

Clearing transactions

During the reconciliation, any transaction can be edited to make it match the
statement, and new transactions can be created as usual. To mark a
transaction as cleared, click on the C column in the list
view. A transaction is cleared when it matches the transaction on your
statement.

The command frame (just below the transaction list area) displays the
statement amount on the left, the cleared amount in the center, and the
difference on the right. As you mark transactions cleared, these values
update to show the change.

Note, however, that as reconciliation is the process of matching the data in
your account with that on a statement, changes to any transaction with dates
after the statement date you entered in the wizard will be saved, but will not
have any effect on the cleared amount shown in the command frame.

Completing Reconciliation

Finishing Reconciliation

When the difference between the statement and the cleared balance is zero then
the account is reconciled and you can click the Finish
button. When you do this, KMyMoney takes all the transactions which have
been marked as cleared and marks them as reconciled, and the value in the
C column changes from “C” to
“R” to reflect the change. In addition, it saves the changes and
records that the account has been reconciled. (You still need to save the file
to permanently save all the changes.)

Postponing Reconciliation

If you're having trouble completing the reconciliation, or you need to gather
some additional information before you can complete the process, you can
postpone the process to a later time by clicking on the
Postpone button. When you do this, KMyMoney remembers
the values you entered when you started the wizard, it does not mark cleared
transactions as reconciled, and it returns the ledger to its normal view. If
you exit KMyMoney before clicking either Finish or
Postpone, it has the same effect as clicking
Postpone. Any edits you have made, such as marking
transactions cleared or entering new transactions, are not touched, and you
can still save them before you exit KMyMoney. However, you will have to run
the reconciliation wizard again in order to reconcile the account.

When you run the reconciliation wizard on this account the next time,
KMyMoney remembers the values you entered when you previously ran the
wizard, and you will be able to change them, if necessary. In this case, the
initial screen of the wizard is different, to remind you of this.